The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-08-10
FINANCE and COMMERCE.
HONEY 8 PER CENT, NEW YORK
EXCHANGE 1.S PREMIUM.
Cotton Quiet Middling Cotton Ssc
- Sales Today, 100
Bales.
APPEAL OFPIcK.

APPEAL OfPlCh, l
TUESDAY EVENING. August y. 1857.
Money rates unchanged and firm at
8 per cent. There was no Stock Call
Board session today, aud local sscuri.
ties remain unchanged.
The local cotton market closed
Quiet and u lower on all grades. New
eieans spots are easy and off l-16c;
futures 0 osed steady; August of z
points, September l point, and the
near crop months to 2 points lower.
Liverpool spots closed dull, limited in
.suiry futures off l point. The New
York market closed e,sy and I'M
changed; August declined l3 points,
September A points and the new
crop months / point. A leading
New York cotton circular OF the
9th says OF the future market: "Quite
break in August took place, amount
ing to come IA points with partial
recovery. The slump was credited TO
sales OF long cotton for New Orleans
account. Spots unchanged, but hold
ers rather anxious to SELL"
The New York Commercial Bulletin
Of recent date states that the only reg
ulsr speculation Is In coffee, and that
does not Just now extend much be-
yond the professional circle, though
thers is an fort being made to draw
in the outsider. The general strength
Of the situation regarding prospective
supplies has not changed, and, while
stocks have accumulated, 1t seems
hardly possible that this month Can
pass without widening the outlet for
them; yet buyers have shown q great
deal more conbstavs ability than
they were credited with, and the con.
sentative portion OF holders incline to
the policy OF letting natural develop.
ment Of demand put tie market up Of
its own force, instead OF making a
grasp to secure all advantages before
fully mstured. Briefly, the market
looks promising enough al the mo.
msnt, but 1t won't do to assume III at
consumers are hopeles,ly at the
mercy oil sellers yet awhile and
must take coffee" at any price.
without securing any very active
movement holders Of raw sugars have
managed to place enough stock 10 teet
the position aud confirm their pre-
vious estimates Of its strength. C)nfi
dence In conot q uence has grown a
tribe deeper, aud the carrying OF &C.
eumulstions more decided, with mus
covadoes, little the favorite, AZ their
position 10 BEST rified. Centr fugsls
have been placed In all probability
with some freedom to arrive, but ss
the business Vas bet xeen operators
who are unwilling TO report cost and
freight deals, IL continues impossible
TO obtain any Information. 1t also
now comes TO light that a recent con-
siderable movement has taken place
In East India 'ods. come Of the busi-
mess probably week old end some OF
more recent date, sggregatirg in the
Deighborhood OF GOOGLE, 900 tons
Manils, part 10 be ed here and part
to 20 10 Philadelphia, aud understood
TO be AT about current rAtes."
IMP RTs.
Fifty pkgs butter, 900 rolls bsgglnv,
30 pkgs con, 210 pkgs bo1ts and
shoes, 1900 bu coru, 226 SKIS coffee, 20C
sks cotton s,rd o. bus cotton ties, 30
bb's cement, 43 pkgs eggs, Sl5 brls
aour, 422 bales bay, "a Pkg, bats, 50, 00C
feet lumber, 10 PIKE liquors, $50 bblt
meal, 1000 mn oa,s, 80 brls onions, 81
pkgi Tics. go hrls sugar, PSI pkgs
tobacco, coo bu wheat